Mumbai, Apr 30 Developers and private equity players are set to put India’s retail space market on full throttle with investments worth around$5 -10 billion in FY09-FY10.
In moves that would lend retail space gigantic proportions, the Runwal Group and Singapore’s GIC will use a joint venture to launch a ‘Our City Centre’ retail mall over 1.1 [...]
By manish
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Posted in Real Estate News
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Also tagged Bhopal, Food Courts, GIC, Private Equity Firms, Retail Development, Retail Mall, Retail Shops, Retail Space, Runwal Group, Screen Multiplex, Sheth Developers
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Unitech Ltd plans to launch a mid-income project of 1,200 square feet houses in Greater Noida at Rs.2750 - sees potential demand. This will be followed by Residential launches in Chennai and Hyderabad shortly. The company is also accumulating more land parcels in Mumbai through slum rehab, will disclose once formalities completed.
By Rajani
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Posted in Real Estate News
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Also tagged chemical SEZ, Chennai, Greater Noida, house, Hyderabad, indonesia, mid-income, NKID, Project, Residential, salim group, Unitech, universal success
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Doha: All most thirty builders from various parts of India are showcasing their projects at Homes of India, the largest Indian property expo in Qatar, at the Ramada Plaza hotel.
The two-day expo was opened yesterday by Dr Mohan Thomas, President of the Indian Community Benevolent Fund.
By manish
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Posted in Real Estate News
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Also tagged Bangalore and Chennai., Cochin, Delhi, Doha, Hyderabad, Indian property expo, indian real-estate, Jaipur, Kannur, Munnar, Pune, Thalassery, Thiruvananthapuram, Thrissur
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Hotel industry in India has shown strong growth in last financial year. Though hotel occupancies in Bangalore, Hyderabad and Pune dipped marginally owing to over capacity, average room rates for branded hotels across star categories continue to witness robust growth in most cities.
Indiareit Fund Advisors, the Ajay Piramal-promoted real estate investment fund, is planning to introduce its third domestic fund to raise Rs 1,000 crore.
Talking to DNA Money, Ramesh Jogani, the fund’s CEO and MD, confirmed the development but did not disclosed details.
Jogani said, “In the subsequent two years we will introduce our fourth domestic fund. We [...]
Mumbai’s industrial property rents almost doubled last year, rising at the fastest pace in the world.
According to an international report, annual industrial rents in India’s financial capital surged to nearly 80 euros (127 dollar) a square meter.
Global average rents rose by more than 6 %, outpacing the 4.5 % increase in 2006, with Asia showing [...]
MUMBAI: K Raheja Corp, a top real estate company, has entered into a fifty fifty joint venture with Colorado-based ProLogis, a leading owner, manager and developer of distribution facilities globally. The joint venture is for warehousing and logistic infrastructure development in India and is ProLogis’ first business in the country.
According to the agreement, the joint [...]
Indian hotel companies are showing their interest in spreading their business to abroad. Taj Hotel Resorts and Palaces plans to establish one of its world class hotel or resort in either Palawan (Island) or Makati.
Taj Hotels Resorts and Palaces chain is more than a century old. It comprises of fifty-seven hotels in forty locations across India and [...]
An international real estate agent Knight Frank predicts that the Indian property boom which lasted for the majority of 2007 is likely to continue into 2008, but it could be tempered by the credit crunch. For the same reason he advising buyers to “wait and watch for a month” before deciding to invest.
By manish
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Posted in Real Estate News
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Also tagged Assocham, Association Of Foreign Investors In Real Estate, Booming Property Sector, Chambers Of Commerce, Chambers Of Commerce And Industry, China, Delhi, Desk, Foreign Investors, Industry Of India, International Real Estate., Knight Frank, Property Boom, Real Estate Agent
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Unitech and Indiabulls Real Estate Ltd (IBREL) have deferred the listing of their respective real estate investment trusts (REITs) on the Singapore Stock Exchange (SGX) owing to the liquidity crunch in the global markets.
Both Unitech and IBREL have received approval from the SGX for the initial public offers (IPOs) of their trusts.
The move closely follows [...]
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